Shows RICO Suit Lawsuit Against State Farm: Amendment Allowed

I noted this story in today’s Sun Herald along with some new case filings in the RICO case against State Farm. One of the recent rulings rejects State farm’s arguments against amending the complaint, especially their unsubstantiated charges of ethical breaches on part of the Katrina Litigation Group. For the sake of the defendants I hope they come up with better defenses for the trial to rebut some of the more damning evidence in possession of the Plaintiff’s such as Forensic Engineering’s computer hard drive than Kerri Rigsby’s sex life.

It is worth noting that buried in the Dickie Scruggs case publicity was a little noticed news story about Forensic flipping and cutting a deal with the Katrina Litigation Group in exchange for their cooperation. It will be interesting to hear what they have to say about their part in this alleged criminal racketeering enterprise.

I have updated the Katrina Insurance Case Documents page to include the Shows case and added files to McIntosh. Please bear with us while we build our data base. Without further commentary on my part here is today’s Anita Lee’s Sun Herald story on Shows:

A lawsuit that Dickie Scruggs and his Scruggs Katrina Group filed for 22 policyholders against State Farm is moving forward in U.S. District Court. Continue reading “Shows RICO Suit Lawsuit Against State Farm: Amendment Allowed”

State Senate GOP Blocks House Insurance Measures

“What you risk reveals what you value.” Jeanette Winterson

I’m reminded of that quote when I think of Republican Senator Eugene “Buck” Clarke, chair of the Senate Insurance Committee who just last month proclaimed his ignorance of the interplay of insurance issues with existing state law and used that lack of knowledge to kill every Katrina related reform introduced in the State Senate. The reported party line as recounted multiple times in the Clarion Ledger was something along the lines of:

But his legislation languished in the Insurance Committee chaired by Sen. Eugene Clarke, R-Hollandale, before dying under a deadline.

Rather than bring the bills out of committee and up for debate before the full Senate, Clarke said he wanted more time to study the issue. This is his first committee chairmanship. He’s starting his second term as senator. Continue reading “State Senate GOP Blocks House Insurance Measures”

Anita Lee reports comments from FBI

Ms Lee does a good job updating today’s developments to the overall investigation. This story headlines the Sun Herald RSS feed on the lower right side of the page.

 ………the FBI’s special agent in charge said his office has committed the manpower to “work the case to its logical conclusion.”

“Public corruption is our No. 1 criminal priority,” said Frederick T. Brink, special agent in charge of the FBI’s Jackson Division. “Americans expect a fair and impartial judicial system. Any attempts to undermine that through bribery or other types of illegal activity really critically damages our faith in our judicial system. It is a particularly heinous crime.” Continue reading “Anita Lee reports comments from FBI”

Super delegate Gene playing close to the vest. Will they still love Tops tomorrow?

Blogging and being a CPA in tax season the week before corporate tax due date are close to mutually exclusive but I saw two items in the local press I couldn’t let pass. First is a story that ran last night on WLOX featuring Congressman Gene Taylor and who he will support at the Democratic National Convention as a Super delegate.

Mississippi has a total of 40 delegates who will have a say in who becomes the Democratic nominee for president. Thirty-three delegates will be divvied up based on Tuesday’s primary vote. Seven other super-delegates can align with whichever candidate they like. Continue reading “Super delegate Gene playing close to the vest. Will they still love Tops tomorrow?”

Louisiana Wind-Water News: Courts Split on Wind Recovery When Paid on Flood

This is an interesting situation, how much wind insurance can an insured collect when they are tendered their flood policies? The courts have split on this issue and depending on the Hurricane, an insured can either collect the policy limits or have their wind recovery reduced by their flood payouts.  Such a legal mess would be prevented under a true multi-peril concept such as HR 3121 and taxpayers would not have to be worried about being stuck with a bill that should have been paid by private wind insurance.

Here are some exerpts from Rebecca Mowbray’s story: Continue reading “Louisiana Wind-Water News: Courts Split on Wind Recovery When Paid on Flood”

Topbanana in AP Story

Our friend Steve makes the AP story on Bill Clinton’s visit to the Pass – Read Bill stumps for Hillary on Katrina-battered Mississippi Coast.

Former President Clinton highlighted his wife’s support for reforming national flood insurance and for rebuilding wetlands in a town nearly wiped off the map by Hurricane Katrina as he campaigned ahead of next week’s Democratic presidential primary in Mississippi. Continue reading “Topbanana in AP Story”

Clinton Support for Multi Peril Insurance Makes Front Page of the Sun Herald

Again our congratulations to Steve for helping to force this issue with our Democratic Presidential candidates. Steve tells me he is still waiting to hear back from the Obama camp. As reported here first and without further analysis here is Anita Lee’s story:

As Mississippi’s Democratic presidential primary approaches, Sen. Hillary Clinton has thrown her support to multiple-peril insurance coverage for coastal communities.

Clinton sent a letter Friday to Senate Banking Committee Chairman Chris Dodd, D-Conn., urging him to consider adding wind coverage to federal flood insurance, a proposal from U.S. Rep. Gene Taylor, D-Miss. A flood-insurance bill left Dodd’s committee without wind coverage. Continue reading “Clinton Support for Multi Peril Insurance Makes Front Page of the Sun Herald”

Email from Hillary

Steve, aka Topbanana has been working the political angle of HR 3121 since the Mississippi primaries became important to the Democratic presidential race. Last Friday at the Issues + Answers lecture given by Congressman Gene Taylor we were told Senator McCain was against multi peril insurance. Today Senator Clinton came through big time with this letter to Senator Christopher Dodd.  Steve’s contribution to this effort to bring fairness to insurance for coastal residents can not be understated. Congratulations friend. Now lets see if Obama’s campaign is for the people in the Gulf South like Hillary.

Roger Wicker’s Maiden Senate Speech

The Sun Herald has consistently reported Roger Wicker would make Hurricane Katrina recovery the major part of his maiden Senate speech and they were true to their word. Perhaps Congressman Taylor now has a true champion for the multi peril concept in the Senate. Without further analysis here is the insurance exerpt of Senator Wicker’s maiden Senate speech: Continue reading “Roger Wicker’s Maiden Senate Speech”